"Nifty 5 EMA(High-Low) + 13 EMA Strategy"

Nifty is trading in a rangebound zone between 5EMA(High)-5EMA(Low) zone for the past 4 days. 13 EMA is added along the 5 EMA(High-Low) strategy. After applying it is found that additional EOD resistance zone is near 4853. A Strong overhead resistance is near to this point.


Still Nifty is trading below the Icimoku cloud resistance 4800 on weekly basis And (if) Nifty drifting below zero by tommorow will once again proves that we are still below the cloud resistance zone 4800.

Source:  Market Calls.

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